Michael Saylor’s strategy is now in the news after accumulating another 535 BTC for $43 million. The new purchase was made at an average price of $80,340 per Bitcoin [BTC].
Thanks to this purchase, the total holdings of the largest Bitcoin Digital Asset Treasuries (DATs) reached 818,869 BTC – worth $66.2 billion.
The latest addition from Strategy
The company too reported that it has achieved a BTC return of 9.4% so far in 2026. This figure is not based on the performance of the Bitcoin market, but rather on the growth of shareholders’ exposure to Bitcoin per share.
According to the figure, Strategy has effectively increased its Bitcoin holdings despite the dilution of the capital increase.
The average price of the total 818,869 BTC was $75,540. This came at a time when Bitcoin was trading at $80,791.33, after a slight decline from the day before. Here it is still worth noting that the price has risen by more than 13% in the past month.
Strategy’s Bitcoin holdings currently represent an estimated $4.30 billion in unrealized gains. As expected, This addition of 535 BTC followed Saylor’s plague on May 10.
MSTR and Open Interest Analysis
MSTR also benefited from this new Bitcoin purchase. According to Google Finance, the price was $195.94 at press time, following a 4.45% increase from the day before.
If you look at the quarterly patterns, MSTR is up over 50%, while Bitcoin is up almost 20%. This suggested that MSTR’s return was about 2.5 times that of BTC.
Meanwhile, MSTR Open Interest has risen from almost $15 million to over $40 million since February, with the share price recovering from around $120 to almost $190.
This implied that given the improving sentiment in the cryptocurrency market, traders are likely to open bullish leveraged positions on MSTR as a high-beta Bitcoin proxy.
Are there any underlying concerns?
However, the rapid increase in debt levels also suggested that volatility risks could increase. This is because a sharp drop in MSTR or Bitcoin could lead to massive liquidations and more volatile price swings.
Whether Strategy’s recent $43 million Bitcoin purchase represents a long-term breakthrough or just another buy-the-dip move will depend on Bitcoin’s ability to maintain its momentum.
Final summary
- Because the Bitcoin trade was above Strategy’s typical acquisition cost of $75,540, the company reported an estimated unrealized profit of $4.3 billion.
- MSTR is increasingly seen by traders as a high-beta Bitcoin proxy.